Bank of Maldives (BML), the country’s national bank on Wednesday announced that it achieved record-breaking financial results last year.
The bank reports generating a net profit of MVR 2.5 billion in 2025.
According to the financial statistics the bank released, the profit after tax stood at MVR 2.5 billion, a 9.8% increase compared to the previous year’s net profit. While the profits have increased, the bank’s total assets have grown to MVR 55.8 billion.
The figures further reveal that BML disbursed MVR 10 billion in new loans and financing to individuals and businesses over the past year.
Additionally, more than 30,000 new customers joined the bank, and customer deposits saw a 16% increased compared to 2024. BML described these results as a testament to its financial growth, efforts to expand services, and the special priority given to its responsibilities as the national bank of the Maldives.
The bank’s CEO and Managing Director, Mohamed Shareef, stated that BML’s strong financial performance over the past year demonstrates its ability bring positive social changes to the nation.
“Our record profit and the highest volume of loan disbursements in the bank’s history signify the robustness of our business and our pivotal role in driving the Maldivian economy,” Shareef said.
“Our efforts to expand the bank’s network and introduce advanced digital resources reflect our unwavering commitment to providing essential financial services to every Maldivian,” he added.
BML also noted that its most significant achievement in 2025 was the establishment of ATM services in all inhabited islands.